Content about Talisker Plumbing Corporation

June 24, 2013

RONA, Canada's largest hardware retailer and distributor, is selling its Commercial and Professional Market division to Talisker Plumbing Corp., a subsidiary of Emco Corp., for an expected net cash consideration of $215 million after fees and transaction expenses.

According to Bloomberg, the sale will primarily help RONA pay down debt and free up capital to focus in on its retail operations.